Theranos
Its now worth more than 9 billion and poised to change health care. The Justice Department filed its criminal case in 2018.
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Former Theranos CEO Elizabeth Holmes has been convicted on four counts of fraud and conspiracy ending a lengthy trial that has captivated.
. After the flaws were exposed in 2015 and 2016 Theranos eventually collapsed. Company founder Elizabeth Holmes widely hailed as Silicon. Holmes met Balwani when she was just 18 on a trip to China and the pair kept their relationship under wraps while working at Theranos now the former billionaire has accused Balwani of abuse.
In a day of intense and emotional testimony Theranos founder Elizabeth Holmes told the court of the sexual physical and emotional abuse she said. Theranos Incs 15-year odyssey to revolutionize the blood-testing business began with huge promise but has been engulfed by ignominy. Watch Yahoo Finances first original documentary on August 30 at 5 pm.
Holmes is accused of. We turn the page on the meteoric fall of the once hyped blood testing startup Theranos and its founder Elizabeth. Elizabeth Holmes founded her revolutionary blood diagnostics company Theranos when she was 19.
The Elizabeth Holmes Verdict. At this point in her criminal trial Theranos founder Elizabeth Holmes best chance for acquittal is for the jury to believe that she was a puppet being controlled by her boyfriend company. Closing arguments began Thursday in the fraud trial of Theranos founder Elizabeth Holmes in federal court in San Jose.
Theranos Founder Is Guilty on Four of 11 Charges in Fraud Trial Jurys mixed verdict caps downfall for former startup CEO who claimed to revolutionize the. The Theranos founder is charged with 12 counts of wire fraud and conspiracy after her blood-testing start-up once valued at 9 billion. Theranos was once seen as one of the most bleeding-edge companies in Silicon Valley claiming to have developed a rapid blood testing system that needed just a finger prick of blood to identify.
Unknown to most people outside Theranos the companys blood-testing technology was flawed often producing inaccurate results that could have endangered the lives of patients who took the tests. Kingshuk Das who became Theranoss lab director in 2016 provided a look at the fallout from critical media reports about the company. In a dramatic turn on the.
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